US AI Leaders Join Forces with Government to Set Federal AI Standards

In a significant move towards regulating artificial intelligence, the Commerce Department announced the formation of an AI Safety Institute Consortium, comprising over 200 entities including tech giants like OpenAI, Microsoft, Meta, Google, and others.

This initiative, part of President Biden’s directive, aims to establish safety standards for AI technology, balancing innovation with responsibility. The consortium will work alongside the National Institute of Standards and Technology and various stakeholders to develop standards that address potential risks such as misinformation and privacy breaches, while fostering advancement in sectors like health care and education.